Home Loan Articles

27 Lenders Announced For The First Home Buyer Scheme

personOtto Dargan access_timeDecember 12, 2019

The National Housing Finance And Investment Corporation (NHFIC) has announced its full panel of lenders who’ll be offering the First Home Loan Deposit Scheme. Commonwealth Bank (CBA) joins National Australia Bank (NAB) as the second major participating bank in the government...

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How To Turn Your Deposit Into Genuine Savings?

personOtto Dargan access_timeDecember 2, 2019

Merely having a deposit is not enough! If you are borrowing more than 80% of the property value and you do not have a guarantor, then genuine savings is something that often catches out buyers. It essentially acts as proof that you can handle your money well; i.e. someone who...

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Can Afterpay Affect Your Home Loan Application?

personOtto Dargan access_timeOctober 31, 2019

Buy now pay later services like Afterpay and ZipPay are raising questions with lenders about a borrower’s ability to repay their home loan. It gives the impression that borrowers do not have sufficient amounts of cash on standby and are living paycheque to paycheque. Banks...

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5 Per Cent Deposit Scheme Passes Legislation

personOtto Dargan access_timeOctober 22, 2019

The 5% deposit scheme for first home buyers known as the First Home Loan Deposit Scheme passed legislation on 15 October 2019. The National Housing and Investment Corporation (NHFIC) Amendment Bill 2019 was introduced to the House of Representatives on 12 September and the Senate...

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How Are First Home Buyers Bridging The Deposit Gap?

personOtto Dargan access_timeOctober 4, 2019

Seven in ten recent first home buyers (FHB) did not fund 100% of the deposits from their savings, according to The Genworth First Home Buyer Sentiment Report. To bridge the deposit gap, both recent first home buyers and prospective first home buyers are increasingly looking for...

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Moving House: Sell Then Buy Or Get A Bridging Loan?

personOtto Dargan access_timeMay 14, 2019

Whether you’re upsizing, downsizing or just moving to a home in a new location, no doubt things have changed since buying your last home. There are a number of home loan options available when you’re moving on to your next property so how do you get from one home to the next? The...

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3 Reasons Why You’re A Mortgage Prisoner

personOtto Dargan access_timeSeptember 4, 2018

If you’ve been knocked back for a home loan refinance recently, you could be a mortgage prisoner. Banks have been slowly turning the screw on borrowing power and living expenses over the past year and many would-be refinancers are finding their properties are coming in...

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Top 10 Biggest Home Buyer FAILS

personOtto Dargan access_timeJune 21, 2018

Not having a deposit or a guarantor Not having any savings of your own to put towards the purchase is mistake number one. As a minimum, you should have at least 5% deposit of the property value which you’ve saved through regular deposits into a savings account over a period...

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What Borrowers Need To Know In 2018

personOtto Dargan access_timeFebruary 8, 2018

The crash hasn’t happened but it’s not all smooth sailing Despite the media hype fueling the fear, all signs are pointing to a soft landing for Sydney and Melbourne real estate and other capital cities look set to follow. That’s great news for Australian homeowners...

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Ask Our Brokers A Question After Hours

personOtto Dargan access_timeFebruary 6, 2017

Need a home loan but not sure where to start? Have a question about the home buying process? Maybe you just want to get an idea if you qualify. At Home Loan Experts, we understand that you have busy lives so you’re not always able to call our 1300 889 743 number during...

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